This is solid analysis. Aside from your proposal about banning opaque algorithms, we also don’t really appreciate how powerful it is for any one human to be able to talk to millions of other humans at the same time is (as social creatures). It pathetically shrinks our world view so that it feels like we’re constantly talking about the same 10 people, when there’s so much more of your life that involves the people you work with, the people in your community, your local politics (like who’s deciding the new garbage truck schedule type stuff) that is completely absent from our online discourse.
I’d also say that the marketing and advertising industry has accelerated misinformation, distrust and overconsumption. I see about as few ads as I can figure out how (I know this because whenever I look at someone else’s experience of the same apps and services I use I can’t believe what I’m seeing), and yet I still manage to buy things, hear about things I’m interested in, and research and find out about new products. I spend money in the economy. We literally do not need this industry.
This is very well-stated, and what I was driving at.